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Reuters

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Business & Economics

China Evergrande's EV unit says struggling to attract investors amid liquidity crisis

Reuters
Summary
Nutrition label

80% Informative

China Evergrande New Energy Vehicle said it is struggling to attract strategic investors amid a severe liquidity crisis.

The electric vehicle maker had initially planned to compete with Tesla and even held a market valuation surpassing that of Ford Motor .

The firm said its limited funds are now focused on maintaining basic operations.

VR Score

88

Informative language

94

Neutral language

63

Article tone

semi-formal

Language

English

Language complexity

79

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

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no sources

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